Rosemount Center

Analysis

Rosemount Center is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Rosemount Center reported income of $5.1m and spending of $5.2m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.6m to $5.1m (+10%), an average of +2.4% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Rosemount Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 80th percentile within DC. Charities of a similar size with the same main cause include Parent to Parent Support Program of Thurston County ($5.1m), Urban League of Greater Madison Inc ($5.1m) and Adventhealth West Florida Ambulatory Services Inc ($5.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $330k (6.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $5.8m against liabilities of $438k, net assets of $5.4m. It reported 64 employees.